Op-Eds

The BoE Is Getting "Libored"

Authors: Benn Steil and Dinah Walker
Wall Street Journal Europe

Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.

See more in United States, U.K., Capital Markets, Financial Crises, Geoeconomics, International Finance

The False Promise of Energy Independence

Author: Michael A. Levi
New York Times

Michael A. Levi says, "The benefits of the oil and gas boom—jobs, wealth and, in the case of natural gas, reductions in greenhouse gas emissions—offer plenty of reasons to continue to develop these resources judiciously. But we should beware of turning this potential blessing into an unintended curse."

See more in United States, Energy

Critics of Gas Should Be Realistic

Author: Michael A. Levi
Financial Times

Michael A. Levi says natural gas is a good and inexpensive alternative to coal and oil, but it's still a fossil fuel. Keeping in mind that gas is far from a permanent climate solution, delegates meeting in Doha for the UN climate change negotiations "should strengthen their efforts, individually and collectively, to promote innovation and development of cost-effective zero-carbon energy options."

See more in Climate Change, Energy, UN